FY2024 EPS Estimates for NexGen Energy Boosted by Analyst

NexGen Energy Ltd. (TSE:NXE) – Analysts at Scotiabank lifted their FY2024 earnings per share estimates for NexGen Energy in a report released on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of ($0.09) for the year, up from their prior estimate of ($0.11). The consensus estimate for NexGen Energy’s current full-year earnings is ($0.07) per share. Scotiabank also issued estimates for NexGen Energy’s FY2025 earnings at ($0.10) EPS and FY2026 earnings at ($0.27) EPS.

NexGen Energy (TSE:NXE) last posted its quarterly earnings data on Thursday, November 7th. The company reported C($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.01). During the same quarter in the previous year, the company earned ($0.03) EPS.

Several other equities analysts have also recently weighed in on NXE. Haywood Securities lifted their price objective on NexGen Energy from C$12.50 to C$13.75 in a report on Wednesday, November 20th. Royal Bank of Canada upped their price objective on shares of NexGen Energy from C$10.00 to C$15.00 in a research report on Thursday, November 21st. Cormark raised their target price on shares of NexGen Energy from C$13.00 to C$13.50 in a report on Wednesday, November 20th. National Bankshares boosted their target price on shares of NexGen Energy from C$11.00 to C$13.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Raymond James increased their price target on shares of NexGen Energy from C$12.00 to C$13.50 in a research report on Wednesday, November 20th. Seven investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$14.42.

NexGen Energy Stock Down 1.0 %

TSE NXE opened at C$9.81 on Friday. The company has a market cap of C$5.54 billion, a price-to-earnings ratio of 57.71 and a beta of 1.76. NexGen Energy has a 1-year low of C$7.04 and a 1-year high of C$12.51. The company has a current ratio of 1.20, a quick ratio of 8.20 and a debt-to-equity ratio of 39.09. The company has a 50 day moving average of C$10.64 and a 200-day moving average of C$9.55.

Insider Activity at NexGen Energy

In other NexGen Energy news, Director Leigh Robert Curyer acquired 1,500,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average price of C$10.05 per share, for a total transaction of C$15,075,000.00. 7.96% of the stock is owned by insiders.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.